Not exact matches
Once this introductory rate home equity
line of
credit (HELOC) has been opened, the borrower (s) may not
obtain this same product from us anytime within the next 24 month period unless the borrower reapplies and is approved for a
credit limit that is
higher than the original
credit limit granted.
Generally, limits on personal
lines of
credit range between $ 1,500 and $ 100,000 but
higher amounts can be
obtained.
A home equity loan or
line of
credit allows you to
obtain a lower interest rate and a
higher credit limit by using the equity you've built in your home as security.
Now that
credit lines have been cut and the flow of home equity loans has dried up, these people are finding themselves coping with
high credit card bills and fewer options for
obtaining the money that they need to pay off their balances.
The faster way of
obtaining a
higher credit score is by establishing
credit lines directly under yourself.
And where some secured cards allow larger deposits to
obtain higher credit limits, most unsecured
credit lines max out in the three - digit range, making them difficult to use for anything large.
For
high - income or
high - net worth buyers, a home equity
line of
credit (HELOC) may be the easiest and quickest type of financing to
obtain.